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NACD Southern California Chapter News

M. Christian Mitchell Appointed to National Board of NACD

Congratulations to NACD So Cal Chapter Chairman M. Christian Mitchell for his appointment to The National Association of Corporate Directors (NACD) national board of directors, effective January 1, 2017. Thank you, Chris, for your invaluable contributions to advancing exemplary board leadership among the great public, private and non-profit companies of Southern California. View press release.

NACD Southern California Chapter Newsletter:

The NACD SoCal Chapter leadership is pleased to present bi-annual newsletters to our current members and future members. The purpose of these newsletters is to share insight from the Chapter's leadership on current corporate governance topics and to keep our members and sponsors up-to-date on upcoming events and chapter developments. It is also meant to stimulate a two-way conversation among the leadership, members, and sponsors. We welcome your feedback and ideas on content you'd like to see included in future editions. We hope you enjoy these publications.

PEER GROUP BENCHMARKING INHERENTLY FLAWED AND INFLATIONARY

– An over-reliance on peer group compensation benchmarking is central to the persistent issue of rising executive pay in the United States, new research finds. While other research examines flawed peer group methodology, this new study makes it clear that peer grouping with minimal board discretion is a seriously flawed methodology even when the peer groups are fairly constructed. The study also is the first to document that peer group benchmarking - now so widely utilized that it is enshrined in federal regulations - has accidentally become the de facto standard even though it never was designed to determine CEO compensation.